Amazon, Walmart and Instacart are cutting membership and delivery costs for SNAP shoppers. My prediction: those families will become their most loyal customers once they’re back on their feet.

Wednesday's inflation report didn't help anyone's holiday mood. Grocery prices climbed 0.4% in October, the biggest monthly jump since April, and food prices overall rose 0.5%. The centerpiece of the table is getting pricier too. PwC projects turkey will cost nearly 8% more than last year, and a smaller harvest is pushing cranberries up close to 15%.

READ The Lempert report on Substack.